In my daily strive for the truth about money and gold, I happened to walk into this article that mentions the author undisclosed sources about Dubai being the mother of all ponzi schemes!
Bernie Madoff and his 50 billion Ponzi game would dwarf compared to the size the Dubai real estate sector was leveraged.
It mentions shortly the coming collapse of the Dubai 'subprime' debacle that is about to happen according to the author's sources.
I've added the article on my Inveztor webpage. Source included by clicking on the article header.
http://globalinveztor.blogspot.com/2009 ... -gold.html
Scroll down to the mid if you don't want to read other analysis (not about Dubai) in the article. Cheers